Pursuits
Chinese Stocks Rise as Shanghai Index Rebounds
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Chinese stocks rose, with the Shanghai Composite Index rebounding from below 2,000 for the second time in almost eight weeks, as financial and material companies rallied.
Haitong Securities Co. gained 1.7 percent, leading an advance for brokerages after the Shanghai Securities News reported that the China Securities Regulatory Commission lowered benchmarks for calculating capital requirements. Anhui Conch Cement Co. advanced the most in two weeks, pacing gains for cement producers as home prices advanced. Kweichow Moutai Co., the biggest maker of baijiu liquor, slid the most in three months on speculation retail prices will fall.